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It was founded in 1998 by its current president and CEO John J. Sherman after he sold his start up propane marketing company LPG Services Group to Dynegy. [3] As of November 2010, the company had acquired 89 businesses – mostly regional and local propane distributors.
AmeriGas was founded in 1959. In October 2008, it acquired the propane assets of Penn Fuel Propane for $32 million. [4]In January 2012, it acquired Heritage Propane from Energy Transfer Partners for approximately $1.46 billion in cash and $1.32 billion in common units and the assumption of debt.
The National Propane Gas Association (NPGA) is an American trade association representing and advocating on behalf of the U.S. propane and renewable propane industries. Propane has a low-carbon content, has no methane emissions, is nontoxic, and is designated an approved clean, alternative fuel under the Clean Air Act Amendments. History
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